Alacer Gold Corp (AQG)

Shares in junior goldmining company
Alacer Gold
slumped to a low of $3.24 on Wednesday, fuelled by a sagging gold price and possible ongoing disappointment in the release of its strategic review. Commonwealth Bank is one example. “We expected Alacer’s strategic review to provide clarity and certainty to its long-term mining schedule and the Çöpler mine development," the broker said. “Disappointingly detail remains scant pending further company analysis and review." A falling gold price – down a further 2.5 per cent overnight to $US1567 an ounce – has also appeared to contribute to Alacer’s weak share price. Goldman Sachs’ Richard Coppleson said last week: “Gold stocks’ appeal is now zero and they have the added pressure of seeing the gold price about to do a ‘death cross’, which means it’s going a lot lower." The stock fell further on Thursday, down another 1.2 per cent to $3.20.